HARRY HUGHES, Governor

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(d) (1) In addition to the powers enumerated in this
article, the Authority may exercise its powers as granted by this
article irrespective of the fact that such activities may
displace or limit economic competition.

(2) The powers granted to the Authority pursuant to
this [subsection] SECTION shall not be construed:

(i) To grant to the Authority powers in any
substantive area not otherwise granted to the Authority by other
public general or public local law;

(ii) To restrict the Authority from exercising
any power granted to the Authority by other public general or
public local law or otherwise;

(iii) To authorize the Authority or its
officers to engage in any activity which is beyond their power
under other public general law, public local law, or otherwise;
or

(iv) To preempt or supersede the regulatory
authority of any State department or agency under any public
general law.

Article 48A - Insurance Code

106.

In addition to investments excluded pursuant to other
provisions of this article, an insurer shall not directly or
indirectly invest in or lend its funds upon the security of the
following:

(6) Foreign investments, meaning stocks or shares,
bonds or obligations of any person or governmental or business
unit of or in a foreign country or any subdivision thereof,
except such as conform substantially with the limitations imposed
by this section upon like domestic investments; but the aggregate
amount of foreign investments held by such insurer under this
[subsection] PARAGRAPH and under § 104(9) OF THIS ARTICLE shall
not exceed ten percent of its total admitted assets or one and
one-half times the amount of its reserves and other obligations
under such contracts or the amount necessary to enable it to
transact insurance business in such foreign country, directly or
through a subsidiary corporation, whichever shall be greater.

242.

(c-1) The Commissioner is empowered at any time to require

any automobile liability insurance rating organization and any

insurer writing automobile liability insurance in this State to

demonstrate to him that its rates and methods of setting rates

for automobile liability insurance are in compliance with

subsection (c) hereof, notwithstanding that the rates then in